🇮🇷📉 Iran’s economy contracted by 10.1% year-on-year in the first quarter of the Iranian calendar year, according to the Statistical Center of Iran. The non-oil economy also shrank by 4.6%, while oil and gas activity fell 26.4% and the industries and mining sector contracted 14.7%. Agriculture was one of the few major sectors to grow, expanding 2.3%.

The figures cover March 21–June 20, 2026, a period that largely overlapped with the war involving Iran, the United States and Israel.

The contraction adds to years of economic pressure, with declining purchasing power, high inflation and rising costs placing increasing pressure on Iranian households.

Source: Statistical Center of Iran / Reuters

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